Solicitors' PI premiums drop 1.3% in 2016: Law Society

The mean cost of premiums for UK solicitors' professional
indemnity (PI) cover dropped by 1.3 percent last year, according to
The Law Society.
In a report on the market's 2016 renewals released today,
the organisation said the average cost of premium had fallen, but
as a percentage of turnover the average premium cost remained flat
at 4.8 percent, while the mean excess rose by 7.0 percent to
£4,737.50 ($6,174.86).
The mean premium across all firms was £26,853. Insureds
with between..